Lonicera Partners Secures $134M Construction Loan For Downtown Brooklyn Development Site | 15 Hanover Place | Zachary (Zach) Kraft, Gideon Gil, Sebastian Sanchez | Development Site | Loan

Summary

Loan

NEW YORK

Development Site

295,000 sqft

A development site located at 15 Hanover Pl in Downtown Brooklyn has been involved in a recent loan transaction. The property spans approximately 295,000 square feet and consists of 314 units. The transaction took place on July 18, 2022.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $134,000,000
Address: 15 Hanover Pl.
Market: Downtown Brooklyn
Lender: Santander & City National Bank
Landlord: Lonicera Partners

The loan, amounting to $134,000,000, was provided by Santander and City National Bank. The landlord in this transaction is Lonicera Partners. The brokers involved in the deal were Gideon Gil, Zach Kraft, and Sebastian Sanchez from Cushman & Wakefield.

Players

All
4

Agents
3
Agencies
1

Zachary (Zach) Kraft

Associate

$435M Sold

Gideon Gil

Executive Managing Director

$1.8B Sold

Sebastian Sanchez

Analyst

Details

Deal Summary

FINANCED

IMAGE: Gideon Gil, Zach Kraft & Sebastian Sanchez DATE: 07/18/2022 ADDRESS: 15 Hanover Pl. MARKET: Downtown Brooklyn ASSET TYPE: Development Site ~ SF: 295,000 ~ UNITS: 314 LENDER: Santander & City National Bank LANDLORD: Lonicera Partners BROKERS: Gideon Gil, Zach Kraft & Sebastian Sanchez - Cushman & Wakefield (@CushWake) LOAN AMOUNT: $134,000,000 LOAN TYPE: Construction

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Address15 Hanover Place

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